Monthly Archives: <span>March 2010</span>

Zurich Launches Umbrella Product for Lumber and Hardware Firms

Zurich North America Commercial’s Specialties business unit is now offering a monoline umbrella product for customers engaged in the lumber and hardware industries. This offering is administered by the Huntersville, N.C.-based American Lumber Underwriters and is available to agents and …

OneBeacon Targets Technology Firms with New E&O Coverage

OneBeacon Professional Insurance (OBPI) has a new technology errors and omissions (E&O) product targeted to technology firms, including application service providers, software developers, technology consulting firms, and companies involved in systems integration and maintenance. “As technology organizations continue to evolve, …

Gussen Joins Scirocco Group as Sales Exec

New Jersey-based Scirocco Group, a risk management and insurance brokerage firm, has hired Adam Gussen as senior sales executive. Previously, Gussen was the Northeast Region Agent for Euler Hermes – ACI, where he provided Trade Credit Insurance and domestic and …

California Regulator Considering Regs to Alleviate Underinsurance

The California Department of Insurance is considering proposing new regulations governing standards and training for estimating replacement value on homeowners’ insurance. Among the ideas that was floated at a recent CDI workshop was to require continuing education for agents and …

Business Moves

ASPN, ISU Network Chicago-based ASPN, the Agency Specialty Products Network Insurance Agency LLC, formed a new alliance with San Francisco-based ISU International and the ISU Network, one of the nation’s largest group of independently owned and operated agencies. The new …

How Agencies Are Leveraging Social Networking

Technology Trailblazers Build Relationships, Business Receipts There’s no better time for insurance agents and brokers to delve into social networking technologies than now, according to those who study marketing and technology trends. More than four in five U.S. online adults …

Hawaii Senate Committee OKs Using Hurricane Relief Fund to End Furloughs

Hawaii’s Senate Ways and Means Committee has advanced a bill that would use money from the state’s Hurricane Relief Fund to end school furlough days. Senate Bill 2124 notes that reductions and restrictions to the Department of Education’s operating budget …

People

Steve Peeters, who most recently was president and chief operating officer of Jacksonville, Fla.-based Zurich Insurance Services, joined The Main Street America Group as vice president, commercial lines product. Peeters will be a member of Main Street America’s senior management …

The Worst Is Yet to Come

Deepening State Budget Deficits in 2010 and 2011 Could Harm the Insurance Industry While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could …

California Reducing Licensing Fees 6%

The California Department of Insurance announced it will be implementing a 6 percent licensing fee rate reduction on July 1, 2010. This is the second year CDI has reduced licensing fees. The first 6 percent rate reduction took effect July …